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Optimal raw material inventory management methods and inventory management at PT Dupan Anugerah Lestari - Mojosari

Optimal raw material inventory management methods and inventory management at PT Dupan Anugerah Lestari - Mojosari

Title: OPTIMAL RAW MATERIAL INVENTORY MANAGEMENT AND FINISHED GOODS INVENTORY MANAGEMENT METHOD AT PT DUPAN ANUGERAH LESTARI – MOJOSARI

Authors: DIAN FERRY HARTANTO

Item Type : Thesis (Thesis)

Affiliations: Master of Management Science Study Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

 

Abstract

PT Dupan Anugerah Lestari is a national private company engaged in the production of NPK Granule fertilizer which began its production activities in 2010. The products produced by PT Dupan Anugerah Lestari have the Pupindo trademark and have been marketed through nine marketing offices spread throughout Indonesia. One strategy for achieving efficiency is by minimizing costs incurred for production activities. Efficient management of raw material and finished goods inventory can increase the profit margin obtained by the company. For this reason, the use of raw material control methods that can be selected are: Lot For Lot (LFL), Economic Order Quantity (EOQ), Period Order Quantity (POQ), and Part Period Balancing (PPB). While the method of controlling finished goods is proposed to use the Economic Production Quantity (EPQ) method. The process of forecasting production needs is also needed to predict costs that will be incurred by the company in the future. There are four forecasting methods that can be used, namely: Classical Decomposition, Single Exponential Smoothing, Double Exponential Smoothing, and Winters Method.

Keywords: Lot For Lot (LFL), Economic Order Quantity (EOQ), Period Order Quantity (POQ), Part Period Balancing (PPB), Economic Production Quantity (EPQ), Classical Decomposition, Single Exponential Smoothing, Double Exponential Smoothing, Winters Method

 

Sources: http://repository.unair.ac.id/39045/